Documents Pouliakas, Konstantinos 12 results

"Understanding the labour market impact of new, autonomous digital technologies, particularly generative or other forms of artificial intelligence (AI), is currently at the top of the research and policy agenda. Many initial studies, though not all, have shown that there is a wage premium to AI skills in labour markets. Such evidence tends to draw on data from web-based sources and typically deploys a keyword approach for identifying AI skills. This paper utilises representative adult workforce data from 29 European countries, the second European skills and jobs survey, to examine wage differentials of the AI developer workforce. The latter is uniquely identified as part of the workforce that writes programs using AI algorithms. The analysis shows that, on average, AI developers enjoy a significant wage premium relative to a comparably educated or skilled workforce, such as programmers who do not yet write code using AI at work. Wage decomposition analysis further illustrates that there is a large unexplained component of such wage differential. Part of AI programmers' larger wage variability can be attributed to a greater performance-based component in their wage schedules and higher job-skill requirements."

"Using the second wave of the European Skills and Jobs survey, this paper measures the relationship between technological change that automates or augments workers' job tasks and their participation in work-related training. We find that 58 per cent of European employees experienced no change in the need to learn new technologies in their jobs during the 2020-21 period. Of those exposed to new digital technology, 14 per cent did not experience any change in job tasks, 10 per cent reported that new tasks had been created while 5 per cent only saw some of their tasks being displaced by new technology. The remaining 13 per cent simultaneously experienced both task displacement and task creation. Our analysis shows that employees in jobs impacted by new digital technologies are more likely to have to react to unpredictable situations, thus demonstrating a positive link between technologically driven task disruption and job complexity. We show a strong linear relationship between technologically driven job task disruption and the need for job-related training, with training requirements increasing the greater the impact of new technologies on task content."

"This paper engages in an interdisciplinary survey of the current state of knowledge related to the theory, determinants and consequences of occupational safety and health (OSH). It first describes the fundamental theoretical construct of compensating wage differentials, which is used by economists to understand the optimal provision of OSH in a perfectly competitive labour market. The plethora of incentives faced by workers and firms in job and insurance markets that determine the ultimate level of OSH are discussed in detail. The extensive empirical evidence from the hedonic wage and stated choice approaches used to assess the value of OSH is reviewed. The causes of inefficiency and inequity in the market for OSH, such as externalities, moral hazard in compensation insurance, systematic biases in individual risk perception/well-being and labour market segregation are subsequently examined. The implications of government intervention and regulation for tackling the aforementioned inefficiencies in OSH are then considered. Finally, the survey identifies areas of future research interests and suggests indicators and priorities for policy initiatives that can improve the health and safety of workers in modern job markets."

"This paper attempts to examine the effect of the intensity of financial incentives (i.e. the proportion of workers' salary that is tied to bonuses) on job satisfaction. Understanding the influence of monetary incentives on job satisfaction is important given that the composition of an employee's remuneration package is an integral element of his/her overall working conditions. According to the standard microeconomic paradigm, in long-run equilibrium one would not expect to observe any differences in the marginal utilities of comparable workers under fixed or variable payment schemes. This should hold since the expected value of the higher wages paid under performance-related pay (PRP) should be just sufficient to compensate for the additional earnings risk and the disutility of extra effort. However, once the standard assumptions of the agency model are relaxed, and psychological arguments such as those of motivation crowding out theory (Frey and Jegen, 2001) are taken into account, it is expected that PRP is likely to have a non-negligible impact on job satisfaction. To the extent that incentive schemes allow for optimization of effort, facilitate worker autonomy and enhance self-determination they should increase job satisfaction, other things equal. Yet increasing earnings risk, crowding out of the inherent pleasantness in performing one's job and lower morale can lead to disgruntled employees.

Based on the above reasoning, a number of previous studies have focussed on the impact of the incidence of PRP on job satisfaction (Drago et al., 1992; McCausland et al., 2005; Heywood and Wei, 2006; Green and Heywood, 2008; Artz, 2008; Pouliakas and Theodossiou, 2009). This masks the possibility that the utility of workers may vary according to the magnitude and intensity of incentives, as suggested by the experiments of Gneezy and Rustichini (2000[a][b]) and Pokorny (2008). An important common element of the above experiments is that “small” incentives are likely to exert a negative effect on behaviour (with discontinuity close to zero), while for high powered rewards (or punishments) the standard price effect is expected to prevail.

This paper attempts to test these contrasting hypotheses by looking beyond the mere incidence of incentive pay and examining the impact of the intensity of incentives on job satisfaction instead. Specifically, 10 waves (1998–2007) of the British Household Panel Survey (BHPS) are used to investigate the ceteris paribus association between the intensity of bonus/profit-sharing payments, the dynamic change in bonus status and the utility derived from work. After controlling for individual heterogeneity biases, it is shown that job utility rises only in response to ‘generous' bonus payments, primarily in skilled, non-unionized, private sector jobs. Evidence is also presented that revoking a bonus from one year to the next is likely to have a detrimental impact on employee utility, and that over time job satisfaction tends to diminish as employees potentially adapt to the payment of bonuses (Georgellis and Tabvuma, 2010). The findings of the paper are therefore consistent with previous experimental evidence, suggesting that employers wishing to motivate their staff should indeed “pay enough or don't pay at all”."

"Data from six waves of the European Community Household Panel (1996–2001) in 11 countries suggest that low-paid employees are significantly less satisfied with their job than the high-paid in southern Europe, but not in the northern countries. Proxying job satisfaction for job quality, the authors show that while low-paid employment does not necessarily mean low-quality employment, workers in some countries suffer the double penalty of low pay and low job quality. Such dualism across European labour markets, they argue, reflects different country-level approaches to the trade-off between flexibility and security, calling for a policy focus on the latter to enhance job quality"

"This paper engages in an interdisciplinary survey of the current state of knowledge related to the theory, determinants and consequences of occupational safety and health (OSH). First, it synthesizes the available theoretical frameworks used by economists and psychologists to understand the issues related to the optimal provision of OSH in the labour market. Second, it reviews the academic literature investigating the correlates of a comprehensive set of OSH indicators, which portray the state of OSH infrastructure (social security expenditure, prevention, regulations), inputs (chemical and physical agents, ergonomics, working time, violence) and outcomes (injuries, illnesses, absenteeism, job satisfaction) within workplaces. Third, it explores the implications of the lack of OSH in terms of the economic and social costs that are entailed. Finally, the survey identifies areas of future research interests and suggests priorities for policy initiatives that can improve the health and safety of workers. "

"This paper focuses on identifying determinants of 'automatability risk', namely the propensity of EU employees being in jobs with high risk of substitutability by machines, robots or other algorithmic processes, and uncovers its impact on labour market outcomes. Using relevant data on tasks and skill needs in jobs, collected by the European skills and jobs survey (ESJS), jobs are bundled according to their estimated risk of automation. The paper builds on the methodology of previous studies that estimate the latent relationship between 'true' automatability and job tasks (Frey and Osborne, 2013, 2017; Arntz et al., 2016; Nedelkoska and Quintini, 2018) but utilises highly disaggregated job descriptions provided by a subsample of the ESJS, as well as information on jobs' skill requirements. About 14% of EU adult workers are found to face a very high risk of automation. The distribution of high automatability across industries and occupations is also found to be skewed towards routine jobs with low demand for transversal and social skills. The risk of job displacement by machines is higher among males and lower-skilled workers, with little evidence of polarisation. It is prevalent in private sector jobs that fail to provide remedial training to employees, accentuating the vulnerability of at-risk-workers and highlighting the need for stronger lifelong learning policies at EU level."

"We use data from a new international dataset - the European Skills and Jobs Survey - to create a unique measure of skills-displacing technological change (SDT), defined as technological change that may render workers' skills obsolete. We find that 16 percent of adult workers in the EU are impacted by SDT, with significant variance across countries, ranging from a high of 28 percent in Estonia, to below seven percent in Bulgaria. Despite claims that technological change contributes to the deskilling of jobs, we present evidence that SDT is associated with dynamic upskilling of workers. The paper also presents the first direct micro-evidence of the reinstatement effect of automating technology, namely a positive contribution of automation to the task content and skills complexity of the jobs of incumbent workers. Despite the recent focus on the polarising impact of automation and associated reskilling needs of lower-skilled individuals, our evidence also draws attention to the fact that SDT predominantly affects higher-skilled workers, reinforcing inequalities in upskilling opportunities within workplaces. Workers affected by SDT also experience greater job insecurity."

"This paper employs a skills-based approach to identify individual and job factors most likely to be impacted by social distancing measures and practices due to the Covid-19 pandemic. Using data from the Cedefop European skills and jobs survey, a Covid-19 social distancing risk index (COV19R) is created based on skills descriptors that categorise jobs by their level of physical proximity to others and their digital intensity. It is conservatively estimated that about 45 million jobs in the EU-27 labour market (23% of total EU-27 employment) are faced with a very high risk of Covid-19 disruption and another 22% of the EU workforce – mostly medium- to lower-skilled service provision – is exposed to some significant risk. The burden of the Covid-19 social distancing risk falls disproportionately on vulnerable workforce groups, such as women, older employees, non-natives, the lower-educated, those working longer hours and employed in micro-sized workplaces. The findings call for immediate and targeted policy responses to prevent ongoing job losses and widening of labour market and social inequalities due to the pandemic."

"This paper investigates the incidence, trend and determinants of remote work in Greece. A crisis-stricken country in the years preceding the Covid-19 crisis, Greece entered the first wave of the public health shock as a laggard in digitalisation and remote work arrangements among European countries. While Covid-19 induced a spike in the use of remote work arrangements in many countries, this paper presents evidence that working from home (WfH) in Greece was subdued in the past decade. By analysing the profile of the job tasks and skill needs of Greek homeworkers, the paper also shows marked deviations in homeworking patterns and determinants in Greece, relative to other EU countries. This includes a higher prevalence of WfH among Greek females and non-nationals, limited use by young workers and families with children and a stronger relation with atypical work hours. While remote workers in Greece receive a 7% monthly wage premium, their jobs are found to involve standardised and moderate ICT tasks and to rely more on social serving tasks. The paper highlights that there is significant scope to enhance remote work in Greece, which can amount to up to 37% of all salaried jobs, subject to changing work organisation, norms and policies. In the coronavirus era, overcoming barriers to remote work will be key for the Greek labour market to adapt to social distances practices and digitalisation."